Review Article
A New Theory to Forecast the Price of Nonrenewable Energy Resources with Mass and Energy-Capital Conservation Equations
Table 2
Price trends to
of selling resources,
, extracted resources,
, and difference
in a conservative policy of extraction,
,
.
| | Extraction rate: ,
, , | Initial condition
or | Selling resources,
(∞) | Extracted resources,
(∞) | Price difference Δ (∞) |
| | , = > | | +∞ | +∞ | | | −∞ (Max) | +∞ | | |
≤ | −∞ | +∞ | |
| | , , | | | +∞ | +∞ | | | +∞ | +∞ (Min) | | | +∞ | −∞ |
| | , , | | | +∞ | +∞ | | | +∞ | | | | +∞ | −∞ |
| | , | | | +∞ | −∞ | | | +∞ | −∞ (Max) | | | +∞ | −∞ |
| | , | | −∞ (Max) | +∞ | | | −∞ | +∞ | | | | +∞ | −∞ (Max) | | | +∞ | −∞ |
| | , | | −∞ (Max) | +∞ | | | −∞ | +∞ | | | Every | | +∞ | −∞ |
| | , |
Every |
−∞ | +∞
+∞ |
−∞ |
|
|
